scrap material value 5000/- vat rate is 5%+tcs. now my
question is
1.how much value of tcs & vat.
2.after taxable value add vat or add tcs (before vat or tcs)
& how much value of vat & tcs. Plz reply me

Answer Posted / karthick

Tcs = rs.50
Vat = rs.250
Tcs will deducted excluding the vat ..
Is the answer is correct

Is This Answer Correct ?    11 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?

1916


Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???

2076


I AM INTO AN EXPORT COMPANY MANUFACTURING GARMENTS. I AM PURCHASING AN INTERSTSTE ITEM AND PROVIDED FORM H NOT C. COULD I BE ABLE TO GET ANY EXEMPTION FROM TAXATION AND WHEATHER I HAVE TO CLOSE MY SALES TAX ACCOUNT FOR PROVIDING FORM H, AND IF AGAIN I COULD BE GET ANY EXEMPTION FROM FORM C ISSUING FOR THE SAME COMMODITY AND SAME SUPPLIER.

1647


Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?

1674


Hello Sir, Please send the knowing calculation of attrition rate?

1915






which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes

1494


please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You

1863


how to calculate and submit to the concerned authority of pf,esi,pt. explaine?

2263


is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax

1850


Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

1684


Differentiate between financial year, assessment year and previous year?

900


Does the tax liability of an individual get affected due to his residential status? If yes, explain.

691


How tax deduction at source is deducted

1609


what is procedure of calculation of TDS by bank?

1763


What items fall under the category of ‘securities’?

701